Zhongmin Energy Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,528	1,578	1,713	1,694	1,767	1,547
Other Revenue	29.14	29.14	28.1	38.12	24.4	12.67
Revenue	1,557	1,607	1,741	1,732	1,791	1,559
Revenue Growth (YoY)	-13.02%	-7.69%	0.54%	-3.30%	14.84%	24.56%
Selling, General & Admin	85.01	85.82	77.19	70.7	73.14	70.57
Provision for Bad Debts	-20.8	-20.8	15.54	-25.26	13.69	28.64
Other Operating Expenses	694.15	671.69	712.46	722.52	654.84	516.56
Total Operating Expenses	768.39	746.74	807.48	768.08	741.66	615.77
Operating Income	788.37	860.53	933.73	963.73	1,049	943.73
Interest Expense	-74.94	-74.94	-96.6	-114.94	-150.48	-180.63
Interest Income	25.42	26.56	14.44	11.87	14.55	15.94
Net Interest Expense	-49.51	-48.37	-82.16	-103.07	-135.94	-164.69
Other Non-Operating Income (Expenses)	6.28	0.01	0.01	-0.11	-0.05	-0.05
EBT Excluding Unusual Items	745.14	812.18	851.58	860.55	913.28	778.98
Gain (Loss) on Sale of Investments	7.66	5.09	22.58	20.29	3.05	0.84
Gain (Loss) on Sale of Assets	0.45	0.14	-1.42	0.66	-0	-0.6
Asset Writedown	-60.17	-62.37	-49.21	-19.3	-	-0.23
Other Unusual Items	-0.17	-0.17	-2.25	-0.06	0.33	0.06
Pretax Income	692.91	754.87	821.27	862.15	916.65	779.05
Income Tax Expense	190.48	196.94	129.27	139.57	131.92	42.13
Earnings From Continuing Ops.	502.43	557.93	692	722.58	784.73	736.92
Minority Interest in Earnings	-35.72	-36.31	-40.86	-44.11	-55.89	-55.4
Net Income	466.72	521.62	651.15	678.47	728.84	681.52
Net Income to Common	466.72	521.62	651.15	678.47	728.84	681.52
Net Income Growth	-32.33%	-19.89%	-4.03%	-6.91%	6.94%	40.26%
Shares Outstanding (Basic)	1,940	1,932	1,915	1,903	1,903	1,753
Shares Outstanding (Diluted)	1,940	1,932	1,915	1,903	1,903	1,828
Shares Change (YoY)	0.88%	0.88%	0.63%	0.01%	4.12%	0.39%
EPS (Basic)	0.24	0.27	0.34	0.36	0.38	0.39
EPS (Diluted)	0.24	0.27	0.34	0.36	0.38	0.37
EPS Growth	-32.92%	-20.59%	-4.63%	-6.92%	2.71%	39.72%
Free Cash Flow	1,739	1,812	738.52	936.39	1,058	257.34
Free Cash Flow Per Share	0.90	0.94	0.39	0.49	0.56	0.14
Dividend Per Share	0.030	0.030	0.103	0.050	0.100	-
Dividend Growth	-70.87%	-70.87%	106.00%	-50.00%	-	-
Profit Margin	29.98%	32.45%	37.40%	39.18%	40.70%	43.70%
Free Cash Flow Margin	111.71%	112.73%	42.42%	54.07%	59.10%	16.50%
EBITDA	1,284	1,357	1,436	1,466	1,542	1,353
EBITDA Margin	82.47%	84.45%	82.45%	84.62%	86.09%	86.78%
D&A For EBITDA	495.54	496.81	501.9	501.8	492.51	409.66
EBIT	788.37	860.53	933.73	963.73	1,049	943.73
EBIT Margin	50.64%	53.54%	53.63%	55.65%	58.59%	60.51%
Effective Tax Rate	27.49%	26.09%	15.74%	16.19%	14.39%	5.41%
Revenue as Reported	1,607	1,607	1,741	1,732	1,791	1,559